Forecast Of The Day: VW’s Porsche, Bentley Cars Sold
What?
Volkswagen’s (OTCMKTS: VWAGY) Porsche, Bentley Cars Sold fell from 272,000 in 2019 to 264,000 in 2020 and recovered strongly to 300,000 in 2021. Trefis expects the number to rise to around 306,000 by 2023.
Why?
While sales dipped a bit due to Covid-19 in 2020, the robust economic recovery and soaring household wealth have helped VW’s ultra-luxury vehicle sales.
So What?
We value VWAGY stock at about $34 per share, 30% ahead of the current market price.
See Our Complete Analysis For Volkswagen
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| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| VWAGY Return | -5% | -16% | -14% |
| S&P 500 Return | 6% | -3% | 107% |
| Trefis MS Portfolio Return | 5% | -6% | 270% |
[1] Month-to-date and year-to-date as of 3/30/2022
[2] Cumulative total returns since the end of 2016
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